The license
fee for the year 1978 shall be made in two (2) payments. The first
(1st) payment shall be made on the first (1st) day of July, 1978 and
shall be in the amount of one thousand dollars ($1,000.00), thereafter
the license fee for the last six (6) months of 1978 and subsequent
years shall be a sum equal to five percent (5%) of the licensee's
gross receipts for furnishing telephone exchange service within the
City. The licensee shall not later than February 1, 1979 make a report
to the Governing Body of the City of Parkville, licensee's gross receipts
from such telephone service within the City for the period from July
1, 1978 through December 31, 1978, and shall pay into the City Treasury
the aforesaid license fee based on the gross receipts so reported.
For years subsequent to 1978, the licensee shall not later than August
first (1st) and February (1st) respectively of each year make a report
to the Governing Body of the City of Parkville, licensee's gross receipts
as aforesaid for the six (6) month periods ending June thirtieth (30th)
and December thirty-first (31st) respectively and at the time of making
such reports shall pay into the City Treasury the aforesaid license
fee based upon the gross receipts so reported. As a part of such license
fee any license hereunder shall at his or its own expense upon request
of the City furnish to the City satisfactory proof, by audit or otherwise,
of the total amount of gross receipts of furnishing such telephone
exchange service for any year in question.